Stanford Alumni Launch $28M Blockchain Fund to Fuel Innovation

Blockchain Builders, a venture capital firm founded by Stanford alumni Gil Rosen, Kun Peng, and Steven Willinger, has raised $28 million for its inaugural fund. This investment will support the development of promising blockchain startups from both Stanford and other academic institutions. The funds focus on AI, DeFi, and infrastructure sectors. A significant portion of this initial investment ($16 million) has already been allocated to 40 blockchain companies, with a diverse portfolio across areas such as artificial intelligence, infrastructure, DeFi, DePIN, payments, and RWA. The remaining funds are slated for deployment by the end of the year. This investment activity reflects the growing interest in blockchain technology among academic institutions and shows the potential for impacting the tech and finance sectors.